GENERAL FUND - 01 Property taxes - per updated levy information on County website $ (63,000) Sales taxes - per consultant (reflecting declining trend in car sales) (203,000) Cable TV franchise fees for Fiscal Year 2015/16 included in Fiscal Year 2016/17 revenues due to timing difference 254,000 Transient occupancy taxes based on actuals to date 39,000 Other reimbursements based on actuals to date 13,000 Transfer In - Local Law Enforcement Grants Fund 12,138 Vehicle license fees based on actual payments to date 2,000 City Manager Transfer total personnel budget for Part-Time Project Manager position from Development Service Department to City Manager Department (in the adopted budget, this position was shared by both Departments 50/50) 34,695 Band for La Pata Grand Opening event 800 City Clerk Cost impact of City Clerk contract approved by City Council on 11/15/16 12,740 City Attorney Settlement payment for Southwest Voter Registration litigation 298,535 67% of Mission Grill property taxes pursuant to settlement agreement 5,600 Public Safety Law enforcement contract increase due to completion of County MOU negotiations 170,560 County emergency preparedness grant (6,000) Finance MuniServices (City's former sales tax consultant) for share of CDW sales tax audit results (revenue collected in Fiscal Year 2015/16) 36,135 Mobile home parking permits based on actuals to date 7,000 Commercial and filming photography permit fees based on actuals to date 2,000 Development Services Adjustment for staff spending less time on capital projects and deposit-funded activities. When this occurs, those staff costs are instead charged to the General Fund. In addition, fewer staff hours charged to projects results in a smaller amount of overhead revenue that is collected by the General Fund. (52,000) 88,690 Building plan check revenue and related increase in contracted building plan check services 91,000 75,000 Building, grading, and mechanical permits (14,000) NPDES permit fees 5,000 NPDES business inspection fees based on actuals to date 1,000 Transfer total personnel budget for Part-Time Project Manager position from Development Service Department to City Manager Department (in the adopted budget, this position was shared by both Departments 50/50) (34,695) Contract planner costs for work not reimbursed by developer deposits 7,100 ATTACHMENT 5 - Page 1 of 12
Development Services, Continued Planning technician staff position (contracted through Lilley Planning Group) 6,000 Community Services Staff overtime for La Pata Grand Opening event 885 Community facility rental and use of some of the revenue to fund the replacement of blinds at the Nydegger building 18,000 3,200 Park rentals - revised estimates for the year based on recent trends 3,000 Gymnasium rentals - revised estimates for the year based on recent trends (29,000) Athletic field rentals - revised estimates for the year based on recent trends (41,000) Kindergarten readiness program revenue adjustment due to 60% reduction in enrollment (partially offset by reduction of 100 part-time staff hours) (48,000) (2,275) Accumulation of Community Services related donations to be used to fund various Reata Park improvements 43,460 43,460 Cost impact for window for emergency exit requested in Facilities Operations Maintenance Internal Service Fund (Fund 81) budget 4,150 Public Works/Utilities Grading plan check revenue reclassified to "Engineering Plan Check" revenue (53,800) Engineering Plan Check reclassification of grading plan check revenue 53,800 Engineering Plan Check revenue based on actuals collected through February (offset by 75% for contracted plan check services) 56,000 42,000 Rancho Viejo Road repairs 15,000 Geo/Soils review fees (offset by 75% for contracted services for geo/soils review) 14,000 10,500 Other engineering fees based on actuals collected through February 1,000 Contracted traffic engineering costs incurred during Fiscal Year 2015/16 that were paid in 2016/17 4,000 Replace and relocate electric meter pedestal located at train station platform 4,750 Demolition and repair of roof structure at Train Station Depot damaged in storm (offset by expected insurance reimbursement) 61,800 61,800 Project management and inspection costs for Caltrans Roundabout project 30,000 Reallocate Utilities Department staff to General Fund based on revised estimates (14,185) ATTACHMENT 5 - Page 2 of 12
Public Works/Utilities (Continued) Revised Public Works staff allocations due to actual staff time spent on Capital Improvement Program (CIP) and Facilities Maintenance (Fund 81) coming in more than originally budgeted. In addition, reallocated staff allocations among various General Fund divisions based on actual time spent. 10,000 (37,840) Street banner revenue 6,000 Application of salary savings from freezing the vacant Associate Engineer and GWRP Utilities Operator III positions until after June 30, 2017 and other Utilities Department salary savings (revenue impact due to General Fund receiving less overhead revenue because the positions will not be filled) (31,000) (14,315) Other Savings from CIP 16204 - Trabuco Creek Footbridge Renovation (project was completed as of June 30, 2016) (65,275) Savings from CIP 15304 - Camino Capistrano Athletic Arena Court Resurfacing (project is complete) (22,795) Cost impact for adjustment of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 19,600 Budget savings from actual general liability and property insurance premiums coming in at less than amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (118,170) Budget savings from actual workers compensation insurance premiums coming in at less than the amounts budgeted (Refer to Insurance and Benefits Fund - Fund 80) (5,555) Fiscal Year 2015/16 overage in bond administration costs for the Judgment Obligation Bonds (Funds will be transferred to the City's Debt Service Fund.) 250 Utilize unspent General Fund salary savings from Finance and Public Works/Utilities Departments through February 28, 2017 to offset proposed expenditure increases (33,250) TOTAL GENERAL FUND 152,398 627,095 (474,697) PARKING MAINTENANCE FUND Public Works/Utilities Revised Utilities staff allocation based on actual staff time spent on parking meter activities coming in less than the amount budgeted (3,500) Other Budget savings from workers compensation insurance premiums based on actual Fiscal Year 2016-17 costs (Refer to Insurance and Benefits Fund - Fund 80) (5) Cost impact for adjustment of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 40 TOTAL PARKING MAINTENANCE FUND - (3,465) 3,465 ATTACHMENT 5 - Page 3 of 12
SACRA/HOUSING AUTHORITY ADMINISTRATION FUND Bond issuance costs related to the Successor Agency's 2016 Subordinate Tax Allocation Notes (funded from Administrative Cost Allowance from Successor Agency) 61,000 61,000 Rental of Lower Rosan Ranch property 78,000 Part-Time Project Manager hours expended on property sales for March through June 2017 26,500 26,500 Part-Time Project Manager's expended on property sales from July 1, 2016 through February 28, 2017 15,000 15,000 Revised staff allocation to reduce staff time (and related overhead costs) for time spent on affordable housing capital projects rather than day-to-day operations (29,960) (29,960) Budget savings from workers compensation insurance premiums based on actual Fiscal Year 2016-17 costs (Refer to Insurance and Benefits Fund - Fund 80) (130) (130) Adjustment of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 450 450 TOTAL SACRA/HOUSING AUTHORITY ADMINISTRATION FUND 150,860 72,860 78,000 FORFEITED C&D BONDS FUND Forfeited C&D Bonds based on actuals through February 24,000 TOTAL FORFEITED C&D BONDS FUND 24,000-24,000 SYSTEMS DEVELOPMENT FUND Systems development tax - revised estimates based on status of private development (164,000) Other revenues - revised estimates based on status of private development (8,000) TOTAL SYSTEMS DEVELOPMENT FUND (172,000) - (172,000) PARK AND RECREATION FEES FUND Park and Recreation Developer Fees due to revised development project projections (821,040) Return of unspent Park and Recreation developer impact fees from capital projects funds 60,722 TOTAL PARK AND RECREATION FEES FUND (760,318) - (760,318) DRAINAGE FEES FUND Drainage Developer Fees due to revised development project projections (29,000) TOTAL DRAINAGE FEES FUND (29,000) - (29,000) AGRICULTURAL PRESERVATION FEES FUND Agricultural Preservation Developer Fees due to revised development project projections (41,000) TOTAL AGRICULTURAL PRESERVATION FEES FUND (41,000) - (41,000) ATTACHMENT 5 - Page 4 of 12
LANDSCAPE MAINTENANCE DISTRICT FUND Budget savings impact from workers compensation insurance premiums based on actual Fiscal Year 2016-17 costs (Refer to Insurance and Benefits Fund - Fund 80) (30) Cost impact for correction of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 60 TOTAL LANDSCAPE MAINTENANCE DISTRICT FUND - 30 (30) FARM OPERATIONS FUND Reimbursement from The Ecology Center for portion of barn demolition costs 11,600 Public Works/Utilities Revised Utilities staff allocation based on actual staff time spent on Kinoshita Farm MBTE monitoring activities than originally budgeted (900) Other Cost impact for correction of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 5 TOTAL FARM OPERATIONS FUND 11,600 (895) 12,495 CDBG/HOME FUND Budget savings impact from workers compensation insurance premiums based on actual Fiscal Year 2016-17 costs (Refer to Insurance and Benefits Fund - Fund 80) (15) Cost impact for correction of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 45 TOTAL CDBG/HOME FUND - 30 (30) GAS TAX FUND Reduced Gas Tax revenues based on revised projections from State received in January (32,000) Change funding source for CIP 16104 from CCFP funds to Gas Tax funds 39,805 Reduce funding in CIP 16109 based on revised project cost estimate from Project Manager (39,805) Project savings from Preventative Street Maintenance Project (CIP 7105) (101,665) Use project savings from CIP 7105 to provide change order for 2nd Eastbound Turn Lane at Del Obispo and Camino Capistrano Project (CIP 16103) 8,000 Use remaining project savings from CIP 7105 to provide additional funding for Local Streets Rehabilitation Project (CIP 17105) 93,665 TOTAL GAS TAX FUND (32,000) - (32,000) ATTACHMENT 5 - Page 5 of 12
CCFP FUND CCFP Developer Fees due to revised development project projections (422,000) Change funding source for CIP 16104 from CCFP funds to Gas Tax funds (39,805) TOTAL CCFP FUND (422,000) (39,805) (382,195) EASTERN OPEN SPACE FUND Transfer to Water Operations Fund for reimbursement of settlement agreement for Cotton litigation 35,000 Contracted services for NDPES work at the Riding Park 31,000 Rent of well water for Riding Park (per settlement agreement) 27,000 Appropriation for actual staff hours expended on Eastern Open Space Fund issues 26,500 Transfer from General Fund (accumulated Community Services donations to fund Reata Park Improvements 43,460 43,460 3 picnic tables for Reata Park 3,100 Effect of cost adjustment for disability and life insurance premium costs accounted for in Insurance and Benefits Internal Service Fund (Fund 80) 5 Impact on revenue and maintenance costs due to termination of The Oaks license agreement (includes new fencing) (2,000) TOTAL EASTERN OPEN SPACE FUND 41,460 166,065 (124,605) S.O.N.G.S. FUND S.O.N.G.S. reimbursement funding for Fiscal Year 2015/16 spent in Fiscal Year 2016/17 27,040 TOTAL S.O.N.G.S. FUND 27,040-27,040 HOUSING IN-LIEU FEES FUND Housing in-lieu fees (282,000) TOTAL HOUSING IN-LIEU FEES FUND (282,000) - (282,000) LOCAL LAW ENFORCEMENT GRANTS FUND State C.O.P.S. funding based on actuals through February 12,000 Transfer out to General Fund for public safety 12,138 TOTAL LAW ENFORCEMENT GRANTS FUND 12,000 12,138 (138) PARK AND OPEN SPACE GRANTS FUND Grants -Measure M Specific Projects (CIP 11204) 174,281 Grants -State (CIP 7403) 14,891 TOTAL PARKS AND OPEN SPACE GRANT FUND 189,172-189,172 ATTACHMENT 5 - Page 6 of 12
STREETS AND HIGHWAYS GRANTS FUND Reduce grant funding for CIP 7105 (project savings due to actual construction costs less than the budget) (68,030) (68,030) Grants -Measure M Specific Projects (CIP 16103) 3,470 TOTAL STREETS AND HIGHWAYS GRANTS FUND (64,560) (68,030) 3,470 OTHER GRANTS FUND Grants -Measure M Specific Projects (CIP 13103) 56,042 TOTAL OTHER GRANTS FUND 56,042-56,042 DEBT SERVICE FUND Obligation Bonds (Funds will be transferred from the City's General Fund.) 250 TOTAL DEBT SERVICE FUND 250-250 CAPITAL PROJECTS FUND Savings from CIP 16204 - Trabuco Creek Footbridge Renovation (project was completed as of June 30, 2016) (65,275) (65,275) Savings from CIP 15304 - Camino Capistrano Athletic Arena Court Resurfacing (project is complete) (22,795) (22,795) TOTAL CAPITAL PROJECTS FUND (88,070) (88,070) - OPEN SPACE BONDS CAPITAL PROJECTS FUND Return of unspent Park and Recreation developer impact fees (Transfer to Parks and Recreation Fees Fund.) 60,722 Reallocate funding for Northwest Open Space Park Project (CIP 9209) (47,685) TOTAL OPEN SPACE BONDS FUND - 13,037 (13,037) COMMUNITY FACILITIES DISTRICT BONDS FUND CFD bond proceeds due to actual funding for Pacifica San Juan and Whispering Hills CFDs exceeding the original budget 584,680 Reallocate funding for Northwest Open Space Park Project (CIP 9209) 47,685 TOTAL COMMUNITY FACILITIES DISTRICT BONDS FUND 584,680 47,685 536,995 WATER OPERATIONS FUND Increase potable water commodity charges based on actual sales through January 2017 with an offset for an increase in imported water purchases (563 Acre Feet) 1,856,000 551,000 Imported water due to lower GWRP production offset by reallocation of water commodity sales 825,000 1,205,690 Reimbursement for damage to City property 9,000 Transfer from Water Capital Improvements Fund for La Pata Waterline Replacement Project (CIP 16801) determined by City Attorney to be eligible for funding from Water Capital Improvement Fund.) 796,060 Legal services for litigation (based on actual costs paid through February) 251,000 Estimated future legal costs for ongoing litigation 224,000 ATTACHMENT 5 - Page 7 of 12
WATER OPERATIONS FUND (Continued) Reimburse San Juan Basin Authority for litigation costs (per SJBA's Fiscal Year 2016/17 Adopted Budget ) 249,775 Cost for third party administrator for class action notices (represents 50% of the cost because plaintiff is sharing in cost) 8,000 Cost impact of MWDOC commodity rate change and readiness to serve charge 12,825 Administrative citations (drought penalties) revenue used to fund Limited Term Field Customer Service Representative for water conservation program 63,000 63,000 Administrative citations (drought penalties) revenue used to fund full-time Limited Term Office Assistant in Utilities Department 9,800 9,800 Administrative citations (drought penalties) revenue used to purchase water meters cellular equipment for remote meter reading capabilities 40,000 40,000 Administrative citations (drought penalties) revenue used to fund leak correlator equipment 25,000 25,000 Administrative citations (drought penalties) revenue used to purchase 10 laptops for certain Utilities Operation staff 10,000 10,000 Transfer from Eastern Open Space Operations Fund for reimbursement of settlement agreement for Cotton litigation 35,000 Reduce engineering plan check fees due to revised development project projections (21,000) Reduce engineering inspection fees due to revised development project projections (23,000) Reduce meter installation fees due to revised development project projections (24,000) Increase in Operations & Maintenance contribution to San Juan Basin Authority due to Authority's 2016/17 budget was adopted after the City's budget 93,570 Additional San Juan Basin Authority contribution per Fiscal Year 2016/17 budget amendments approved by Authority's Board in February 2017 9,540 Costs related to the decommissioning of the Ocean Desalination project 37,000 Increase in write-offs of utility accounts based on actual activity to date 40,000 Cost impact for correction of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 5,615 Budget savings caused by actual general liability and property insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (69,970) Budget savings due to actual workers compensation insurance premium costs paid coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (1,615) ATTACHMENT 5 - Page 8 of 12
WATER OPERATIONS FUND (Continued) Revised Utilities staff allocation due to actual staff time spent in the following areas being less than originally budgeted: Developer Deposit funded projects; Capital Improvement Program (CIP); non-potable water operations; and sewer operations. 211,530 Offset cost increases from salary savings from freezing the filling of the vacant Associate Engineer and GWRP Utilities Operator III positions until after June 30, 2017. (78,965) Other Finance and Utilities Department salary savings through February 28, 2017 (131,985) TOTAL WATER OPERATIONS FUND 3,600,860 2,764,810 836,050 GWRP OPERATIONS FUND Reallocation of water commodity sales due to lower GWRP production (825,000) MWD Grant reduction due to reduced GWRP production estimate to 1081 AF (98,500) Reduce electricity for GWRP plant based on lower production (180,570) Reduce electricity for GWRP wells based on lower production (80,000) Reduce chemicals due to lower production (91,865) Savings from annual property insurance premiums paid (all costs for Fiscal Year 2016-17 have been paid as of the date of this report) (32,915) Adjustment of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 925 Budget savings due to actual workers compensation insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (235) Revised Utilities staff allocation based on actual staff time spent for GWRP Operations being more than originally budgeted. 18,710 Salary savings from freezing the filling of the vacant Associate Engineer and GWRP Utilities Operator III positions until after June 30, 2017. (60,150) TOTAL GWRP OPERATIONS FUND (923,500) (426,100) (497,400) NON-POTABLE WATER OPERATIONS FUND Reduce non-potable water commodity charges based actual sales through January 2017 resulting in capital project funding (258,000) (144,115) Reduce meter installation fees due to revised development project projections (535) Increased imported recycled water costs 7,000 Adjustment for disability and life insurance estimated annual costs in Insurance and Benefits Internal Service Fund (Fund 80) 510 Budget savings due to actual workers compensation insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (150) Budget savings due to actual general liability and property insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (2,105) ATTACHMENT 5 - Page 9 of 12
NON-POTABLE WATER OPERATIONS FUND (Continued) Revised Utilities staff allocation based on actual staff time spent in non-potable water operations less than originally budgeted (118,665) Salary savings from freezing the filling of the vacant Associate Engineer and GWRP Utilities Operator III positions until after June 30, 2017. (7,885) Other Utilities Department salary savings through February 28, 2017 (1,060) TOTAL NON-POTABLE WATER OPERATIONS FUND (258,535) (266,470) 7,935 WATER CAPITAL REPLACEMENT FUND Assignment of Fiscal Year 2015/16 funding for La Pata Waterline Replacement Project (CIP 16801) to Fund 64 - Water Capital Improvement Fund 180,980 Change funding source for Water Master Plan Study Project (CIP 16804) (100,000) Change funding source for Palletization and Space Consolidation Project (CIP 17805) 40,000 Increase budget in CIP 11805 based on actual work performed (will be reimbursed by Rivendell developer) 85,200 85,200 City's annual capital contribution requirement for Upper Chiquita Reservoir Project (CIP 15801) per Santa Margarita Water District 12,000 To adjust to actual the State grant funding amount for CIP 11805 65,220 TOTAL WATER CAPITAL REPLACEMENT FUND 331,400 37,200 294,200 WATER CAPITAL IMPROVEMENT FUND Assignment of Fiscal Year 2015/16 funding for La Pata Waterline Replacement Project (CIP 16801) to Fund 64 - Water Capital Improvement Fund 977,040 Reduce Fiscal Year 2016/17 Adopted Budget for CIP 16801 (all costs were incurred and recognized in Fiscal Year 2015/16) (457,000) Reduce water capital improvement fees due to revised development project projections (208,000) Reduce water capacity fees due to revised development project projections (272,000) Reduce water storage fees due to revised development project projections (255,000) Change funding source for Water Master Plan Study Project (CIP 16804) 100,000 Change funding source for Palletization and Space Consolidation Project (CIP 17805) (40,000) TOTAL WATER CAPITAL IMPROVEMENT FUND (735,000) 580,040 (1,315,040) NON-POTABLE WATER CAPITAL IMPROVEMENT FUND Reduce non-potable water capacity fees due to revised development project projections (167,000) Reduce non-potable water commodity charges based actual sales through January 2017 resulting in capital project funding (144,115) TOTAL NON-POTABLE WATER CAPITAL IMPROVEMENT FUND (311,115) - (311,115) ATTACHMENT 5 - Page 10 of 12
SEWER OPERATIONS FUND Additional funding for City's contribution of Operations & Maintenance Costs to the South Orange County Wastewater Authority (SOCWA) due to SOCWA's Fiscal Year 2016/17 budget adopted after the City's budget 92,560 City's share of SOCWA settlement agreement costs associated with boundary wall located at the J.B. Latham Treatment Plant 45,600 Adjustment to actual for disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 555 Budget savings due to actual general liability and property insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (2,465) Budget savings due to actual workers compensation insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (150) Revised Utilities staff allocation based on actual staff time spent in sewer operations less than originally budgeted (53,460) Salary savings from freezing the filling of the vacant Associate Engineer and GWRP Utilities Operator III positions until after June 30, 2017. (7,545) Other Utilities Department salary savings through February 28, 2017 (2,530) TOTAL SEWER OPERATIONS FUND - 72,565 (72,565) SEWER CAPITAL IMPROVEMENT FUND Sewer connection fees due to revised development project projections (360,000) TOTAL SEWER CAPITAL IMPROVEMENT FUND (360,000) - (360,000) INSURANCE AND BENEFITS FUND Budget savings due to actual general liability and property insurance premium costs coming in at less than the amount budgeted based on actual Fiscal Year 2016-17 costs (all premiums for Fiscal Year 2016-17 have been paid as of the date of this report) (192,710) (192,710) Budget savings due to actual workers compensation insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (4,700) (4,700) Adjustment of disability insurance to include short-term disability (offset by increase in charges to other funds) 38,835 38,835 Adjust life insurance based on actual rates (offset by reduction in charges to other funds) (8,200) (8,200) TOTAL INSURANCE AND BENEFITS FUND (166,775) (166,775) - ATTACHMENT 5 - Page 11 of 12
FACILITIES OPERATIONS FUND La Sala building repairs due to storm damage (to be reimbursed by property insurance, less $5,000 deductible) 23,500 28,500 Replacement of blinds at Nydegger building funded by excess facility rental fees 3,200 3,200 Costs associated with Utilities Trailer Restroom Repairs (reimbursed by insurance in Fiscal Year 2015/16) 3,100 Add window in Community Services Director's office for emergency exit (to be reimbursed by General Fund) 4,150 4,150 Reallocate Public Works Department staff allocations based on revised estimates with increased interdepartment charges 19,530 19,530 Budget savings due to actual workers compensation insurance premium costs coming in at less than the amount budgeted (Refer to Insurance and Benefits Fund - Fund 80) (195) Cost impact for adjustment of disability and life insurance budget in Insurance and Benefits Internal Service Fund (Fund 80) 570 TOTAL FACILITIES OPERATIONS FUND 50,380 58,855 (8,475) HOUSING AUTHORITY ADMINISTRATION FUND Rental income adjustment to actual 7,500 Miscellaneous income based on actual to date 1,000 Rent subsidies adjustment to actual 26,660 City Attorney costs related to the Housing Authority 15,000 Housing Authority's Annual Financial Statement Audit 3,625 TOTAL HOUSING AUTHORITY ADMINISTRATION FUND 8,500 45,285 (36,785) LITTLE HOLLYWOOD RENTAL HOUSING FUND Rental income adjustment to actual (23,000) Reduction in City Attorney legal costs due to revision of Little Hollywood lease agreements has been deferred until Fiscal Year 2017/18 (7,000) Defer translation of housing forms until Fiscal Year 2017/18 (400) TOTAL LITTLE HOLLYWOOD RENTAL HOUSING FUND (23,000) (7,400) (15,600) SUCCESSOR AGENCY HOUSING BONDS FUND Loan to Seasons Apartments approved by Housing Authority Commission on 11/1/16 1,000,000 Revised staff allocation to eliminate staff time (and related overhead costs) for time spent on affordable housing capital projects (29,960) TOTAL SUCCESSOR AGENCY HOUSING BONDS FUND - 970,040 (970,040) GRAND TOTAL - ALL FUNDS $ 571,769 $ 4,400,725 ATTACHMENT 5 - Page 12 of 12